50023 Lin Chris Drive

Description

Great investment opportunity, the "Wedgewood Mobile Home Court". Included in the sale is the land only, 5.42 acres. Very well established mobile home park with 21 units. Currently there is one unit that is empty and has no trailer on it. There is one spot wired for a camper on Lin Chris and one for the unit on Barton Rd. The owners of the 20 mobile homes on Lin Chris pays approx. $300 a month for each unit to rent the land and for their water, they pay for their own electric, the 1 unit on Barton Rd pays $320 per month. The owners of the mobile homes must be 50+ years in age to live in this community. There is minimal maintenance for the owner. As owner of the land there is a $300 per year State License Tax, owner pays $250 for power a month to run the septic and outside lights, and $150-$300 a month for everyone's water. Owner of this land paid $2,300 in 2021 for the snow plowing and $1500 in 2022, highest was $3000 in past years, Company they use is Taylor Turf in St. Clairsville. Top of road is maintained by Richland Township and the rest owners maintain. For potholes owner uses Tim Thompson Asphalt. Owner paid $17,000 in 2021 for electric updates to units. Owner of the land asks for the tenants to pay $300 sec. deposit, $50 for a back ground check, and $1000 to be hold in escrow for any updates/repairs that need to be done outside.